Shares of Chart Industries (GTLS) surged 5.03% on Tuesday, following Barclays' decision to raise its price target on the industrial goods company.

Barclays increased its price target for Chart Industries to $165 from $145, while maintaining an Equal Weight rating on the stock. The move comes after another quarter of strong results from the company, suggesting continued positive outlook from analysts.

Along with the Barclays call, Chart Industries also received some general positive coverage from analysts in the industrial goods sector on Tuesday.